Investment Overview

The Arabi Townhomes is a well-maintained 60-unit apartment community located at 1205 Mehle St in Arabi, LA. With 60 spacious two-bedroom, 1.5-bathroom units, this property is 97% occupied, providing a solid and stable income stream. The property boasts a current cap rate of 7.14% and an impressive pro forma cap rate of 9.45% on year 2 numbers, making it a strong investment opportunity. Situated in a charming and rapidly developing community, Arabi offers easy access to Downtown New Orleans while maintaining suburban tranquility. Its proximity to major highways and the historic French Quarter makes it a highly desirable location for both tenants and investors. The property has been expertly managed and maintained, with a historically high occupancy rate, offering reliable cash flow and value-add potential for even greater returns.